Search Results for: securities and exchange commission
SEC Charges Investor Relations Firm Executive
August 27th, 2014
The Securities and Exchange Commission (SEC) has charged a director of market intelligence at a Manhattan-based investor relations firm with insider trading ahead of impending news announcements by more than a dozen clients. The charges were filed against Michael ...
Keeping Corporate Lawyers Silent Can Shelter Wrongdoing
August 27th, 2014
Have you heard of Maritza I. Munich? The answer is almost certainly no, yet she is a central figure in Walmart’s unfolding bribery scandal. Ms. Munich was a Walmart lawyer who advocated an aggressive response to investigating the scandal ...
SEC Announces Pilot Plan to Assess Stock Market Tick Size Impact for Smaller Companies
August 27th, 2014
The Securities and Exchange Commission (SEC) today announced that the national securities exchanges and the Financial Industry Regulatory Authority (FINRA) filed a proposal to establish a national market system plan to implement a targeted 12-month pilot program that will ...
Market watchdog warns on danger of cyber attack
August 25th, 2014
A global watchdog has sounded the alarm about the growing danger of cyber attacks, on financial markets, warning that firms and regulators around the world need to address the “uneven” response to the threat of online assaults. Greg Medcraft, ...
CySec: acquisition of CIF (Cyprus Investment Firms) licence
August 25th, 2014
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, has announced that the following firms have successfully obtained the CySec licence for CIF (Cyprus Investment Firms): AAA Trade Ltd LEON MFO Investments Ltd R Capital Solutions ...
CySec introduces digital signature for ASP
August 22nd, 2014
The Cyprus Securities and Exchange Commission has today announced the introduction of a digital signature for the submission of files to CySec. The Cyprus Securities and Exchange Commission aims to improve its procedure for secure transmission of the electronic ...
Citigroup facing restrictions on sales of hedge fund investments
August 22nd, 2014
Citigroup Inc has been sending hedge fund firms letters informing them that it cannot sell investments in hedge funds and private-equity funds to clients after a deal with the Securities and Exchange Commission, the Wall Street Journal reported. The ...
Bank of America to Settle $16.65 Billion Mortgage Case
August 21st, 2014
The Justice Department is poised to announce a $16.65 billion settlement with Bank of America over accusations that it duped investors into buying toxic mortgage securities, say people briefed on the matter. Yet even as that accord nears completion, ...
George Soros bets $2B-plus on stock market collapse: industry insiders
August 20th, 2014
Billionaire businessman George Soros has upped his ante in what some industry insiders say in his long-running bet that the United States will suffer a massive stock market collapse in the coming months. The most recent 13-F filing Mr. ...
New rule will soon be adopted for audit
August 14th, 2014
A new rule that will require accounting firms to disclose the names of individual partners who work on company audits could be adopted as soon as September, the top U.S. audit watchdog said Wednesday. The rule proposed by the ...
